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JetBlue Airways to Buy 10 Jets
From Airbus for $500 Million

Reuters

Updated Jan. 14, 2002 6:08 p.m. ET

NEW YORK -- European aircraft consortium Airbus said U.S. low-cost carrier JetBlue Airways Corp. will buy 10 of its narrow-body jets in a $500 million (560.3 million euros) deal that comes amid a general contraction of the airline industry in the aftermath of the Sept. 11 attacks.

New York-based JetBlue said it signed a contract for the additional Airbus A320s -- the only aircraft type in its fleet -- for delivery over the next four years, bringing its firm orders with the jet maker to 74 aircraft. JetBlue Chief Executive David...